Question 1

Setting up innovation networks requires a legal contract between organizations.

Accepted Answer

Innovation networks can be formed through informal collaborations and do not necessarily require a legal contract between organizations. These networks often rely on mutual interests and informal agreements to share knowledge, resources, and innovations.

Question 2

Rothwell's 'fifth generation' model suggests that innovation....&#10;A)needs five or more players in the network&#10;B)is increasingly about linkages within and across enterprises&#10;C)requires five times the original investment of the founder to succeed&#10;D)works best in old family businesses

Accepted Answer

Rothwell's 'fifth generation' model suggests that innovation is increasingly about linkages within and across enterprises. The model emphasizes the importance of collaboration and networking among multiple players in the innovation process, rather than solely relying on individual efforts.

Question 3

Innovation network participants must always be large organizations because they can spare the time to talk with others.

Accepted Answer

Innovation network participants can be organizations of any size, as long as they are willing to devote time and resources to collaboration and communication with others. Small and medium-sized organizations can also benefit from participating in innovation networks.

Question 4

Open innovation is&#10;A)a model for organising the process where firms seek to source ideas from inside and outside&#10;B)an approach to risk management in innovation&#10;C)a board-level commitment to unlimited funds for innovation activities&#10;D)an innovation project with no limit on the number of staff employed

Accepted Answer

Open innovation refers to a model or approach where firms seek to source ideas from both internal and external sources. It involves collaboration, knowledge sharing, and partnerships between firms, individuals, and organizations to develop new products, services, and technologies. It is not a specific approach to risk management, a financial commitment, or a project with unlimited resources.

Question 5

In innovation networks, bigger is always better - the more players in the network the more effective it is?

Accepted Answer

The effectiveness of an innovation network is not solely determined by the number of players in the network. The quality of the relationships and collaborations between the players, as well as their diversity, are also important factors in determining the effectiveness of the network. A smaller network with strong relationships and diverse perspectives may be more effective than a larger network with weak relationships and limited perspectives.

Question 6

Which of the following are NOT advantages which might emerge from a process of shared learning?&#10;A)challenge and structured critical reflection from different perspectives&#10;B)different perspectives can bring in new concepts (or old concepts which are new to the learner)&#10;C)shared experimentation can reduce perceived and actual costs risks in trying new things&#10;D)less audiovisual material is needed

Accepted Answer

The other three choices are potential advantages of shared learning, such as gaining new perspectives and reducing risks through shared experimentation. However, the amount of audiovisual material needed is not necessarily an advantage or disadvantage of shared learning.

Question 7

Communities of practice are facilities where sports skills can be developed more effectively.

Accepted Answer

Communities of practice are groups of people who share a concern or a passion for something they do and learn how to do it better as they interact regularly, not specifically facilities for sports skill development.

Question 8

Firms join innovation networks primarily to reduce their costs.

Accepted Answer

Firms join innovation networks primarily to access knowledge, resources, and expertise that they cannot easily access on their own, and to collaborate with other firms to develop better products or services. The main goal is not usually to reduce costs, but rather to increase innovation and competitiveness.

Question 9

Which of the following is not a benefit which could emerge from an innovation network?&#10;A)getting access to different and complementary knowledge sets&#10;B)reducing risks by sharing them&#10;C)accessing new markets and technologies&#10;D)priority access to major cultural events

Accepted Answer

Prioritizing access to major cultural events is not a benefit that typically emerges from an innovation network. The other options (accessing different knowledge, reducing risks, and accessing new markets and technologies) are common benefits.

Question 10

Innovation networks can only be set up with firms who are in the same geographical area.

Accepted Answer

Innovation networks can be set up with firms from different geographical areas, as long as they have similar interests and goals. In fact, collaborations with firms from diverse locations can bring fresh perspectives and new ideas to the network.

Question 11

Emergent properties are&#10;A)houses which come on the market after a fixed legal period&#10;B)characteristics of a network which emerge as a result of interaction amongst the players&#10;C)hidden beneftis in a product innovation which only come out after a period of use&#10;D)characteristics of networks set up in newly industrialising countries like Brazil or India

Accepted Answer

The answer of Emergent properties are&#10;A)houses which come on the...

Question 12

The theory of networks talks about 'emergent properties' - essentially where the whole is greater than the sum of the parts.Which of the following is not an emergent property of an innovation network?&#10;A)Bringing together different knowledge sets to solve a particular complex problem&#10;B)Maximising problem-solving capabilities by getting more (and different) minds on the job&#10;C)Sharing the risks around exploring and exploiting new ideas&#10;D)Reducing the catering costs of network meetings

Accepted Answer

The answer of The theory of networks talks about 'emergent...

Question 13

Which of the following is NOT a characteristic of a learning network?&#10;A)they have a structure for operation, with boundaries defining participation&#10;B)processes which can be mapped on to the learning cycle&#10;C)there is some degree of measurement of learning outcomes which feeds back to operation of the network&#10;D)they meet on working days only

Accepted Answer

The answer of Which of the following is NOT a...

Question 14

Necessity is always the mother of invention.Innovation only succeeds when there is a clear user need.

Accepted Answer

The answer of Necessity is always the mother of invention.Innovation...

Question 15

Innovation networks can be set up amongst competing firms.

Accepted Answer

The answer of Innovation networks can be set up amongst...

Question 16

A supplier development programme involving a major buyer firm and several of its key suppliers offers an opportunity for establishing a learning network.

Accepted Answer

The answer of A supplier development programme involving a major...

Question 17

Innovation networks are only used in new product development and do not apply in service sectors.

Accepted Answer

The answer of Innovation networks are only used in new...

Deck 10: Exploiting Networks